

Celestia (TIA) Price Prediction: Could It Head for Gains in the Next Week or Continue to Plunge More?
Celestia (TIA) price failed to capitalize on the gains in the early sessions of this week and has dropped. It wiped out the gains in the later sessions.
Celestia (TIA) price had a rough start to this week, failing to capitalize on the gains in the early sessions and dropping significantly instead. The price wiped out the gains in the later sessions, and overall, Celestia had a 10.3% loss this week.
After a strong performance from November to February 2024, TIA reversed in the later weeks of February, and since then, the price has been on a major downtrend, dropping nearly 71% in the last six months. At press time, Celestia exchanged hands for close to $5.05, incurring a 1.88% loss intraday. Let’s analyze whether TIA could head for gains in the next week or continue to plunge more.
Celestia Price Analysis: Social And Derivatives Analysis
The social metrics like social volume and social dominance curves were observed to be on a declining trend. The declining social metrics indicated the investors’ waning interest. The social metrics include users and activity on social media platforms like X (formerly Twitter), Telegram, and others. A negative trajectory highlights the decreasing activity over social media platforms and declining user participation.
Moreover, the derivatives analysis showcased that the open interest contracts noted a positive flow in the previous two weeks. However, this week, the OI data recorded an outflow of nearly 27 Million, accounting for nearly 25% of the total. The drop in OI data indicates the liquidation of the positions on the long side.
Celestia Technical Analysis: Bearish Trend Outlook
As per the technical charts, Celestia started strong this week and added a few gains, showing the intention of a recovery. However, the buying momentum was short-lived, and the price turned around in the later sessions of this week. TIA suffered rejection from the 50-day EMA and slumped, losing the gains, widening the losses.
Celestia was down over 1.88% intraday and 10% over the week. The short-term and long-term trend outlook is bearish, which may drain the price. The $4.47 level may act as a demand on the lower side. If it is breached, it may be worse, possibly dragging the price towards the $4 level.
When writing, the RSI line was placed close to 44.5 points, and the 14-day SMA line was at 45.22 points. Both lines showcased a bearish crossover, indicating a bearish control in the short term.
The above is the detailed content of Celestia (TIA) Price Prediction: Could It Head for Gains in the Next Week or Continue to Plunge More?. For more information, please follow other related articles on the PHP Chinese website!

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